All Blogs
Deputy Prime Minister of Thailand arrives Sri Lanka
Dr. Somkid Jatusripitak, Deputy Prime Minister in Charge of Economic Affairs of Thailand, arrived in Sri Lanka on 8th March for an official visit, at the invitation of Foreign Minister Mangala Samaraweera. The visit is a follow up to the visit of President Maithripala Sirisena to Thailand in November 2015. During the visit, the Deputy […]
Bangladesh alleges USD100mln stolen from NY Fed, transferred to Sri Lanka
Mar 09, 2016 (LBO) – Bangladesh’s government says it plans to sue the Federal Reserve Bank of New York after hackers allegedly stole nearly USD 100 million from a reserve account and transferred funds to Philippines and Sri Lanka. Suspected hackers stole the money from Bangladesh’s foreign exchange account on February 5, according to a […]
‘s total revenue in 2015
Mar 09, 2016 (LBO) – Ceylon Tobacco Company, a unit of British American Tobacco said the company contributed 91.6 billion rupees to the government during 2015 which accounts for 7 percent of the Government’s total tax revenue. “This constitutes approximately 88 percent of the value generated by the Company making the Government a key stakeholder […]
Sri Lanka’s Seylan Bank refutes merger talks with NDB
Mar 09, 2016 (LBO) – Sri Lanka’s Seylan Bank on Tuesday said the bank is not engaged in merger talks with National Development Bank or any other entity at present. Releasing a statement the Bank said its Director Board is of the view that the Bank has robust and sustainable growth potential to continue to […]
Sri Lanka’s HNB to raise Rs7bn in listed debt
Mar 09, 2016 (LBO) – Sri Lanka’s HNB said it is planning to raise as much as 7 billion rupees from a sale of debentures which will be quoted on the Colombo Stock Exchange. The bank said in a stock exchange filing that it wanted to sell 40 million debentures of 100 rupees each with an […]
President congratulates Sri Lanka Cricket team leaving for T20 world cup
( Pix By: Sudath Silva )
Sri Lanka increases VAT to 15-pct, imposes Capital Gains Tax
Mar 08, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe told Parliament that the government has decided to amend certain budget proposals applicable for this year. “We hope to amend few budget proposals in line with medium term objectives of the development activities of the government as well as considering the current global scenario […]
Sri Lanka stocks close down 2-pct at near two year low
Mar 04, 2016 (LBO) – Sri Lankan stocks closed down 2.02 percent with losses across the board following an announcement from the government to re-introduce Capital Gains Tax which has not been implemented in Sri Lanka from 1987, brokers said. The Colombo benchmark All Share Price Index (ASPI) closed 112.50 points at 5,934.72, down 2.02 […]
State debt rose to 9.5 trillion rupees after revealing hidden dues: PM
Mar 08, 2016 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe told Parliament Tuesday that the island’s debt has now increased to 9.5 trillion rupees after adding hidden government dues which amount to 1,442 billion rupees. Wickremesinghe, making a special statement in Parliament, said as at end of 2015 the state debt amounted to 8,475 […]
LIRNEasia expands knowledge base in big data
Mar 08, 2016 (LBO) – A new report from LIRNEasia on using behavioral big data for public purposes aims to explores privacy issues at the frontiers of research on big data, the think tank said. The research aims to produce insights from Mobile Network Big Data (MNBD) for informing policy across various domains such as […]